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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Bullboard Posts
Post by AdekGoskion Mar 17, 2017 11:47am
214 Views
Post# 25993702

RE: the need for Co in batteries will continue

RE: the need for Co in batteries will continueThis is a very welcome and re-assuring news article for inevstors in the cobalt space. This confirms what many experts stated already: the development of a new type of a commercial battery (with little or no coablt) will take at least 10 years. China is also mandating its manufacturers to switch from cheaper, shorter lasting batteries with not so much coablt, to top notch, long lasting batteries where a lot of cobalt is needed from the standpoint of high energy storage capability. This bodes very well for those who invets in FT and/or ECS. They can hold their stock confidently for many years to come and make a very good profit along,.
Bullboard Posts